CCP 03-09-1992 - Laserfiche WebLink

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utility In=eases . Page Two This next option, Option B, shows the inpact of a 25 percent increase at April 1, 1992, and again at January 1, 1993, in the sewer fund. See Attachment B. Based on projections with the 25/25 percent increase in sewer rates, the projected loss for 1992 would be $115,345. For 1993, there would be a projected inccnne of $32,746. Again, due to compounding, the 1993 rate using the two step increase ($24.41 seniors, $48.80 residential and $2.63/1000 gallons for all others), all would be at a higher rate than if the one step increase was implemented ($23.43 seniors, $46.85 residential and $2.52/1000 gallons for all others). What does Option B mean to the custcnners in dollar figures? For seniors, there would be an additional $3. 91/quarter or $11. 73 for three quarters in 1992 and also another $4.88/quarter or $19.52 per year more in 1993. OVerall, seniors would pay an additional $73.26 during the 2 year period using the two step process as compared to $54.67 using the one step method. Residential customers under Option B would pay an additional $7.81/quarter or $23.43 for three quarters during 1992 and also another $9.76/quarter or $39.04 per year more in 1993. OVerall, residential . customers would pay an additional $146.42 during the two year period using the two step process as compared to $109.34 using the one step method . For non-residential custcnners under Option B, there would be an additional $.42/1000 gallons in 1992 and another $.53/1000 gallons in 1993. OVerall, non-residential custcnners would pay an additional $1.37/1000 gallons during the two year period using the two step process as compared to $.84/1000 gallons using the one step process. Under Option B, the sewer fund would experience a projected cash deficit of approximately $15,000 in 1992. This would reduce the cash equivalents balance to approxlinately $385,000 at the end of 1992. A final option, Option C, is shown in Attachment C for the sewer fund. This option shows the inpact of a 35 percent increase at April 1, 1992 and an additional 15 percent increase at January 1, 1993. Based upon projections with the 35/15 percent increase in sewer rates, the projected loss for 1992 would be $73,811. For 1993, there would be a projected incame of $33,777. Once again, due to compounding, the 1993 rate using the two step increase ($24.25 seniors, $48.48 residential and $2.61/1000 gallons for all others), all would be at a higher rate than if the one step increase was inplemented ($23.43 seniors, $46.85 residential and $2.52/1000 gallons for all others). .